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Foot Locker Bullish Moving Average Crossover Alert (FL)

By James Quinn

Today, shares of Foot Locker (NYSE:FL) have crossed bullishly above their 10-day moving average of $68.33 on a volume of 168K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Foot Locker has traded in a range of $50.90 to $77.25 and is now at $68.64, 35% above that low. The 200-day and 50-day moving averages have moved 0.25% lower and 0.69% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Foot Locker on July 6th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.31. Since that recommendation, shares of Foot Locker have risen 22.8%. We continue to monitor FL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Foot Locker

Ticker(s): FL